President’s Message
A Message from RUDY HANLEY,
President/CEO
In light of recent events, we know that you may have concerns about the safety of your money at financial institutions. Thanks to our Membership base of school employees and the high level of participation of our almost 400,000 Members, we have been able to build a solid financial foundation over the past 74 years.
Two factors contributing to our solid standing are our strong capital position and conservative business practices. Your credit union has not engaged in either sub-prime lending or risky investment strategies, and has always benefited from a strong Membership base.
In addition, your credit union deposits are federally insured by the National Credit Union Administration (NCUA) through the highly capitalized National Credit Union Share Insurance Fund, which is backed by the full faith and credit of the United States government. Deposits are insured to at least $100,000 and can easily be increased to several times that amount through various ownership and vesting options.
To determine your coverage you may want to go to the NCUA’s online share insurance calculator at
http://webapps.ncua.gov/Ins/. For assistance with your questions, please contact our Telephone Service Center at 800.462.8328.
We appreciate your Membership and hope to continue serving you, now and in the future.